Canara Bank is on bull run, if moves up further then stock will find next strong resistance around 379.

Canara Bank share price forecast
Canara Bank share price forecast

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Stock is on bull run after it broke its resistance zone @ 368 as shown in our previous Canara Bank stock analysis. Technical chart indicates if stock moves up further then it will find next strong resistance around 379 its previous top. Visit this page for Canara Bank share price forecast.

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For today’s (19-07-17) share price of Canara Bank trading with a gain of Rs. 3.60 (+0.98%) at Rs. 372.15 at 12:31 pm. Stock opened 371.70, high 373.50 and low 369.45. Total traded volumes were 1450277.

Stock is about to come out with its Q1 results, analyst are expecting that bank may see a growth of 33% in its net profit to Rs. 304 cr against 229 cr from its last fiscal.

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Canara Bank share price forecast
Canara Bank share price forecast

Stock finding trend line resistance at current levels. Technical chart indicates stock can see further bulls action once it closes and holds above its resistance zone @ 368. If fails to hold above then correction expecting in coming day. As per current chart stock will find resistance around 368 and 379, will find support around 326 and 317. Visit this page for Canara Bank share price forecast.

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Share price of Canara Bank today trading around 358 down by Rs. 4.15 (-1.15%) at NSE 10:31 am. Stock opened 363 with a same intraday high 363 and made an intraday low of  Rs.357. Total traded volume so far is 432017. 52 weeks of Canara Bank is 416 and 52 weeks low is 227.18.